Homework Answers
d = 2/n = 2/10 = 0.2
Dep in any year m = P*(1-d)^(m-1) * d
Dep in year 7 = 30000*(1-0.2)^(7-1) * 0.2
= 30000*(0.8)^6 * 0.2
= 1572.64 ~ 1573 (which is in between 1570 - 1575)
Second option is correct answer
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